The ₹1,300-crore IPO of Aditya Infotech Ltd, the company behind the popular 'CP Plus' video security and surveillance brand, was subscribed 3.9 times by the end of Day 2 on July 30, reflecting strong interest from retail and non-institutional investors.

According to data from the NSE, the public issue received bids for 4.40 crore shares against the 1.12 crore shares on offer, translating into an overall subscription of 3.9x. The Retail Individual Investor (RII) segment was subscribed 12.53 times, while the Non-Institutional Investor (NII) portion was subscribed 6.04 times. However, Qualified Institutional Buyers (QIBs) showed limited interest so far, subscribing to just 3% of their quota. The employee portion was subscribed 2x.

The IPO, which closes on July 31, has a price band of ₹640–₹675 per share. On Monday, Aditya Infotech successfully raised ₹582 crore from anchor investors, signaling institutional confidence in the offering.

The IPO comprises a fresh issue worth ₹500 crore and an offer for sale (OFS) of ₹800 crore by the promoters. Of the fresh proceeds, ₹375 crore is earmarked for debt repayment, while the rest will be used for general corporate purposes.

Aditya Infotech is a leading player in the video surveillance and security solutions space through its flagship CP Plus brand, catering to both enterprise and consumer segments. It also offers integrated security systems and security-as-a-service, leveraging a widespread distribution network across India.

ICICI Securities and IIFL Capital Services are the book-running lead managers to the issue.Cor